Rarely has a single scandal summed up nearly all the current pathologies of the corrupt Washington scene, combining insider bailouts, revolving-door influence peddling, racial-identity politics, subsidies for failing institutions that have a proven record of partisan Democratic politics, and Democratic efforts to reward wealthy friends under the guise of social justice.
What do you do when few people are listening to your radio stations, and, as a result, ad revenues are not sufficient to pay your rather large overhead and debts? Not hard to guess.
The New York Times reports that the Congressional Black Caucus is holding up legislation until it wins a bailout for a conglomerate of black-owned inner-city radio stations, which are apparently quite broke. (Rush Limbaugh did not make this up.)
Inner City Broadcasting reportedly owes $230 million to the likes of GE Capital and Goldman Sachs — and, not surprisingly, it has no wish to pay back all those millions.
The article then goes on to note the arm-twisting and insider gamesmanship which has gone on to get these radio stations a bail out. Do you think any of these radio stations has a kind word for the GOP or conservatism? We’re essentially being looted of money in order to support those who oppose us. Welcome to Obama’s America.
But what are we to expect? Even having something called a “congressional black caucus” is an insult to American ideals – its an assertion that only black people can represent black people and that all black people must toe a particular line. Just modify that a little bit and call it a “congressional white caucus” and you’ll quickly see how nasty and un-American it really is. But, here we go, just allowing it to happen and nary a word said against – and the end result? Entrenched, corrupt political elites who use government to bail out their special interest buddies.
Ain’t it grand?
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